The startup industry’s new year resolution should be to stop asking for taxpayers’ money

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Mark Lester as Oliver Twist asking for some more gruel during the filming of ‘Oliver’

The startup industry’s new year resolution should be to stop asking for taxpayers’ money. The start-up sector in Australia needs to be careful about creating brand problems for itself. There are more than 2 million businesses actively trading in Australia and only 1% of those, according to the ABS, has more than 200 employees. The overwhelming majority of these small businesses get by without any government grants or special tax concessions.

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